2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Singapore-Eritrea Trade: In 2022, Singapore exported $13.5k to Eritrea. The main products that Singapore exported to Eritrea were Office Machine Parts ($13.5k). Over the past 6 years the exports of Singapore to Eritrea have decreased at an annualized rate of 12.8%, from $30.8k in 2016 to $13.5k in 2022.

In 2022, Singapore did not export any services to Eritrea.

Eritrea-Singapore Trade: In 2022, Eritrea exported $65.6k to Singapore. The main products that Eritrea exported to Singapore were Processed Crustaceans ($60.7k), Machinery Having Individual Functions ($2.07k), and Centrifuges ($976). Over the past 6 years the exports of Eritrea to Singapore have increased at an annualized rate of 18.1%,  from $28.5k in 2016 to $65.6k in 2022.

In 2022, Eritrea did not export any services to Singapore.

Comparison In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68),  and 21 in total exports ($379B). That same year, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $13.5k to Eritrea. The main products exported from Singapore to Eritrea were Office Machine Parts ($13.5k). During the last 6 years the exports of Singapore to Eritrea have decreased at an annualized rate of 12.8%, from $30.8k in 2016 to $13.5k in 2022.

In 2017, Eritrea exported $65.6k to Singapore. The main products exported from Eritrea to Singapore were Processed Crustaceans ($60.7k), Machinery Having Individual Functions ($2.07k), and Centrifuges ($976). During the last 5 years the exports of Eritrea to Singapore have increased at an annualized rate of 18.1%, from $28.5k in 2022 to $65.6k in 2017.

Exports from Singapore (Flag) to Eritrea (Flag) (2022)

Exports from Eritrea (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Eritrea (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Eritrea
Top Destination
China$412M

This map shows whether countries import more from Singapore or Eritrea. Each country is colored based on the difference in imports they receive from Singapore and Eritrea or the difference in the growth in imports.

In 2022, countries that imported more from Singapore than Eritrea included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, no countries were registered that imported more from Eritrea than from Singapore.

Difference in imports from Eritrea (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Eritrea

Flow
Scale

This chart compares trade between Singapore and Eritrea by product, considering products traded by both, Singapore and Eritrea.

During 2022, Singapore had a large net trade with Eritrea in the exports of Machines ($13.5k).

During 2017, Eritrea had a large net trade with Singapore in the exports of Foodstuffs ($60.7k), Machines ($4.68k), and Stone And Glass ($236).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and Eritrea. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Eritrea. Similarly, a dot/product with the flag of Eritrea indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and Eritrea (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with